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• Penske Truck Leasing Pays Over $5 Mil for Fontana Development Land
6/15/18
A 5.47-acre industrial development land site in Fontana sold for $5.2 mil, or $925.3k per acre. The buyer was Penske Truck Leasing Co, LP.
The land parcel sits on the northwest corner of Valley Blvd and Elm Ave, minutes from...
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• Office Asset in Temecula Goes for $174/sf
6/15/18
Temecula Oaks, a 33.3k sf office building in Temecula, sold for $5.8 mil, or $174/sf. The deal closed at a cap rate of 7.5%.
Built in 1985 and renovated in 2015, Temecula Oaks is situated on 2.58 acres at 28765 Single Oak D...
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• TA Realty Buys 147k sf Inland Empire Facility from Newcastle Partners in $16.3 Mil Deal
6/06/18
TA Realty, LLC has acquired Harley Knox Logistics Center, a 147k sf, Class A industrial facility in Perris, for $16.35 mil ($111/sf). The property, located at 17610 Harvill Ave, is fully occupied by Hardwoods Specialty Produ...
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• Newly Constructed Industrial Facility in Temecula Sells for $16.85 Mil
6/05/18
MCA Business Center, a newly constructed 143.2k sf industrial building in Temecula, sold for $16.85 mil, or $118/sf. The property, located at 41573 Dendy Pkwy, was sold by MCA Realty Inc.
The building was purchased by Wester...
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• 113k sf Ontario Industrial Complex Sells in Two Deals
5/29/18
In industrial sales activity from Ontario, Magnolia West Commerce Center, consisting of two newly-constructed buildings totaling 113.5k sf of space, was sold in two separate transactions. The deal prices were not given out.
...
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• LBA Realty Makes $20 Mil Buy of Inland Empire Industrial Asset
5/16/18
LBA Realty has purchased a fully leased, Class A core industrial building totaling 155.1k sf on nearly seven acres in Riverside for $20.2 mil ($130/sf). Built in 2007, the state-of-the-art facility is located at 1100 E. Citru...
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• CapRock Partners Buys 23 Acres in Norco
5/11/18
CapRock Partners has acquired 23 acres in Norco that will accommodate a planned, 425k sf industrial business park. The property, strategically positioned in the Inland Empire West submarket, bolsters CapRock’s development pip...
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• Ice Manufacturer Buys 24k sf Building in Lake Elsinore
5/07/18
A newly constructed 24k sf industrial building in Lake Elsinore sold for $3.46 mil ($144/sf). Built in 2018, the property sits on 1.47 acres at 470 3rd St.
The property features 2.8k sf of office space, 1.4k sf of mezzanine ...
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• Inland Empire Retail Center Sells for $133/sf
5/07/18
Rose Plaza, a 25.4k sf retail property in Hesperia, sold for $3.38 mil ($133/sf). The property is located at 15885 Main St, in a high-growth and affluent region of Hesperia.
The shopping center was built in 1987 on approxim...
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• Multi-Tenant Property in the Inland Empire Fetches $163/sf
5/03/18
A 29.4k sf, multi-tenant industrial building in Cathedral City sold for $4.8 mil, or $163/sf. The building, constructed in 1989, is considered a value-add opportunity.
The building sits on 1.75 acres of land at 68945 Perez R...
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• Rexford Industrial Realty Acquires Two Socal Industrial Assets and Sells another One
5/02/18
Rexford Industrial Realty Inc has completed three SoCal transactions consisting of two industrial property acquisitions totaling $21.5 mil and one disposition for $1.7 mil. The acquisitions were funded through a combination o...
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• Real Estate Development Associates Starts Work on Two SoCal Industrial Projects
4/25/18
Real Estate Development Associates LLC (REDA) has begun work on two industrial projects in Southern California. The projects are key components of the firm’s plan to break ground on more than 3 msf of industrial space in Sout...
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• San Bernardino County Retail Market Activity Leads in Southern California
4/24/18
San Bernardino County’s surging job and population growth are proving to be a critical driver for retail activity.
According to CBRE’s 4th quarter 2017 Retail Overview for San Bernardino County, there is 844.2k sf of new re...
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• Logistics Firm Leases 772k sf Inland Empire Distribution Facility
4/19/18
DCG Fulfillment, a third-party logistics (3PL) provider, has agreed to lease a 771.8k sf distribution facility in Redlands. Located at 1300 California St, the facility is a distribution cross-dock warehouse with 36’ minimum w...
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• Hammes Partners Buys Eight Leased Condos at Rancho Mirage Medical Office Building
4/16/18
Eight fully leased condominium units totaling 40k sf within a Class A medical office building in Rancho Mirage traded hands in transactions totaling $16.3 mil. The units were purchased by Milwaukee-based Hammes Partners from ...
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• Trammell Crow Company Completes Trio of Spec Industrial Projects in the Inland Empire
4/12/18
Trammell Crow Company (TCC) recently completed three speculative industrial buildings totaling 2.4 msf in the Inland Empire. The projects include a 1 msf building in the City of Riverside’s Hunter Park area, a 750k sf buildi...
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• Inland Empire Portfolio Buy Financed with $15.9 Mil Insurance Co Loan
4/11/18
Davis Partners & TH Real Estate purchased a 212.6k sf, multi-tenant industrial portfolio in Riverside and Redlands. The deal was financed with $15.9 mil in beft financing arranged by CBRE and funded through an unnamed life in...
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• Investor Pays $229k/Unit for Redlands Apartment Property
4/11/18
In a recent multifamily comp out of the Inland Empire, Cypress Villas, an 83-unit apartment property in Redlands, sold for $19 mil, or $229k/unit. The property is located at 301 E Cypress Ave, near downtown Redlands and the U...
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• Rialto Self-Storage Property Trades for $4 Mil
4/09/18
A 1031 exchange investor purchased Rialto Self Storage, a 36.9k sf self-storage facility, for $4 mil. The property, located at 2850 W. Foothill Blvd, was 97% occupied at the time of sale.
The facility features 374 self-stor...
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• Exchange Investor Buys Multifamily Property in Indio
4/06/18
A 1031 exchange investor paid $6.45 mil for Vintage Palms Apartments, a 74-unit ($87.2k/unit) residential property in the Inland Empire city of Indio. The asset, comprised of six buildings, is located at 82434 Requa Ave and s...
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